On 28 April 2020, Mexico and the European Union concluded negotiations on the modernisation of the trade pillar of the agreement. This was the last outstanding element of their new trade agreement. The wide media coverage of the caravan has allowed the establishment of a joint working process between the communities concerned and the current Mexican government in order to launch diagnostic and rehabilitation processes in the medium term. However, international observers stress the danger to the human rights of the Mexican people posed by the conclusion of the new agreement with the European Union. Indeed, this will guarantee impunity for transnational corporations. Despite the European Commission`s argument that this agreement protects human rights, the experience of the trade and investment regime supported by the European Union has always been characterised by the application of a soft law policy, taking into account the rights of individuals and high and binding standards for the protection of transnational corporations. This week, on 28 April, the conclusion of negotiations for a new trade agreement between the European Union (EU) and Mexico was announced[i]. The agreement is an update of the treaty signed in 2000 and aims to extend it to sectors such as finance, e-commerce and agriculture. This would be the first free trade agreement between the European Union and a Latin American country to contain a chapter on investment protection. This implies that transnational corporations have the exclusive right to challenge the democratic decisions of states, for example by challenging legislation of public interest[ii]. The Latin American country is already paying a high price in this area: it is one of six judged by foreign investors around the world through the ISDS mechanism[iii].
The agreement allows Mexico to be the subject of a new wave of complaints from European investors. [iv] See: www.gob.mx/semarnat/dialogosambientales/articulos/toxitour-mexico-un-registro-geografico-de-la-devastacion-socioambiental The Economic Partnership, Political Coordination and Cooperation Agreement (hereinafter referred to as the “Global Agreement”), which defines the objectives and mechanisms for the liberalisation of trade in goods and services, was adopted on 20 March 2000 approved by the Mexican Senate and on 6 May 1999 by the European Parliament. The part of the Free Trade Agreement, established by Decision 2/2000 of the EU-Mexico Joint Council, entered into force on 1 July 2000. The eighth round of negotiations was held in Mexico City from 8 to 7 January 2018. The ninth round of negotiations began on 12 February 2018 in Mexico City. Mexico and the European Union concluded negotiations for a new global agreement on 21 April 2018. The new agreement covers political, economic and cooperation aspects in order to strengthen political dialogue, boost trade and investment and strengthen technical and scientific cooperation between the two sides. On 30 May 2016, Mexico and the European Union officially began talks to update their current free trade agreement.
On 13 and 14 The first round of negotiations on the modernisation of the agreement was held in Brussels, Belgium, on 6 June 2016. . .